BRIEF-Yingli Green Energy announces update in relation to medium-term notes [Reuters]
YINGLI GREEN ENERGY (YGE)
Last yingli green energy earnings: 6/15 06:21 am
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Source: Reuters
BRIEF-Yingli Green Energy announces update in relation to medium-term notes | Reuters Reuters Staff 1 Min Read Sept 1 (Reuters) - Yingli Green Energy Holding Co Ltd * Yingli Green Energy - ?one of holders of medium-term notes due May 12, 2016, medium-term notes due October 13, 2015 filed lawsuit against Tianwei Yingli * Yingli Green Energy - ?principal amount of MTNs held by note holder alleged to be RMB65.7 million * Yingli Green Energy Holding Co Ltd - company does not expect lawsuit to have any direct material impact on company’s overall operation * Yingli Green Energy Holding Co Ltd - ?note-holders filed lawsuit against Tianwei Yingli in PRC court to recover amount due under such medium-term notes * Yingli Green Energy - notified all holders of MTNs of lawsuit, expects to hold meetings with them to discuss debt restructuring, strategic alternatives * Yingli Green Energy - ?note holder claimed Tianwei Yingli to repay principal, interest, overdue penalty on MTNs for RMB74.4 million,
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